Jackson Ding | Investor Relations Director |
Alex Peng | President and Chief Financial Officer |
Lucy Yu | Bank of America |
D. S. Kim | JPMorgan |
Mark Li | Citi |
Sheng Zhong | Morgan Stanley |
Felix Liu | UBS |
Linda Huang | Macquarie |
Liping Zhao | CICC |
Good day, and thank you for standing by. Welcome to TAL Education Group Fourth Quarter and FY 2022 Earnings Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded [Operator Instructions]. And now I would like to hand the conference over to Mr. Jackson Ding, Investor Relations Director.